Raymond James & Associates Sells 143,394 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Raymond James & Associates lowered its position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 31.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,936 shares of the company's stock after selling 143,394 shares during the quarter. Raymond James & Associates owned 0.43% of Energizer worth $9,844,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Energizer by 42.1% during the 3rd quarter. Creative Planning now owns 24,628 shares of the company's stock worth $782,000 after acquiring an additional 7,301 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Energizer by 11.9% during the third quarter. Wedge Capital Management L L P NC now owns 45,451 shares of the company's stock valued at $1,444,000 after acquiring an additional 4,839 shares during the period. Inspire Investing LLC lifted its holdings in shares of Energizer by 9.1% in the third quarter. Inspire Investing LLC now owns 13,025 shares of the company's stock valued at $414,000 after purchasing an additional 1,083 shares in the last quarter. Profit Investment Management LLC acquired a new stake in shares of Energizer in the third quarter worth $2,238,000. Finally, Capital Insight Partners LLC grew its holdings in shares of Energizer by 4.0% during the third quarter. Capital Insight Partners LLC now owns 13,812 shares of the company's stock valued at $439,000 after buying an additional 528 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on ENR. JPMorgan Chase & Co. raised their price objective on Energizer from $29.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, October 11th. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a report on Monday, October 14th. Evercore ISI dropped their price objective on shares of Energizer from $42.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada restated a "sector perform" rating and set a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. Finally, Truist Financial upgraded Energizer from a "hold" rating to a "buy" rating and increased their price objective for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Energizer has a consensus rating of "Hold" and a consensus price target of $35.00.

Energizer Stock Performance

ENR stock traded down $0.07 during midday trading on Wednesday, hitting $32.49. 410,211 shares of the company traded hands, compared to its average volume of 566,529. The business has a 50 day simple moving average of $31.11 and a 200-day simple moving average of $29.98. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $36.72. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 27.20 and a beta of 1.04.

Energizer (NYSE:ENR - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.12. The business had revenue of $701.40 million for the quarter, compared to analyst estimates of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. Energizer's revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, equities research analysts predict that Energizer Holdings, Inc. will post 3.27 earnings per share for the current year.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.